Axie Infinity (AXS) Exchange
Looking to exchange AXS? Swapzone compares live offers from partner exchanges by rate, speed and KYC label. No account, no custody, 0% platform fee. AXS is an ERC-20 token on Ethereum and the governance token of Axie Infinity, a blockchain game that runs on the Ronin network.
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What is AXS?
About Axie Infinity
AXS is the governance and value token of Axie Infinity, a blockchain game that popularized the play-to-earn model and onboarded millions of players into Web3 gaming. Built by Sky Mavis, a Vietnamese studio founded by Trung Nguyen, Axie Infinity launched in 2018 and allows players to collect, breed, and battle NFT creatures called Axies. The game runs on Ronin, Sky Mavis's own EVM-compatible blockchain built for gaming after Ethereum mainnet gas fees made in-game transactions economically unviable. AXS reached an all-time high of about $165 in November 2021 during the bull run. In January 2026, Sky Mavis introduced a tokenomics reform: bAXS (Bonded AXS), a non-transferable in-game token backed 1:1 by AXS, took over core in-game functions, and SLP (Smooth Love Potion) rewards in Origins mode were stopped on January 7, 2026. The reform was designed to curb bot farming, reward genuine players, and keep value circulating within the ecosystem rather than immediately flowing to exchanges.
AXS tokenomics
AXS has a fixed maximum supply of 270 million tokens. About 175.6 million AXS were in circulation as of November 2026, according to CoinGecko, with the remainder allocated to long-term ecosystem incentives and vesting schedules.
Maximum supply — 270,000,000 AXS (270 million, capped)
Circulating supply — approximately 175.6 million AXS (about 65% of maximum) as of November 2026, according to CoinGecko
bAXS (January 2026) — non-transferable in-game token backed 1:1 by AXS; players earn bAXS through play and convert it to liquid AXS by unbonding it, with dynamic conversion fees that go to the Axie treasury
SLP rewards in Origins — stopped on January 7, 2026 as part of the reform, which removed the main farm-and-dump route
Staking — AXS holders stake tokens to earn rewards and participate in governance
Community Treasury — funded by marketplace and breeding fees and governed by AXS holders through proposals and votes
Price — approximately $0.85 as of November 2026, according to CoinGecko; the all-time high was about $165 in November 2021
What determines AXS's value
AXS's value depends on whether the tokenomics reform (bAXS and the end of SLP rewards in Origins) can rebuild sustainable game economics after the collapse of the original play-to-earn model. The 2021 boom showed that blockchain gaming could reach millions of players, but the later price crash, from about $165 to under $1, showed that inflationary reward models without real gameplay value are hard to sustain.
The January 2026 reform targets that failure mode: by replacing direct AXS rewards with non-transferable bAXS that must be unbonded, with fees that vary, the system aims to filter out bots and short-term farmers while rewarding players who stay. Ronin now hosts games beyond Axie Infinity, which diversifies the infrastructure's relevance. Axie Infinity: Origins is the main competitive mode, and Atia's Legacy, an MMO, has been in playtesting. The March 2022 Ronin Bridge exploit, in which about $625 million was stolen, remains a historical risk factor in investor sentiment, though Sky Mavis repaid affected users and rebuilt the bridge with an expanded validator set.
How to Exchange Axie Infinity on Swapzone
How to Choose an Axie Infinity Exchange
Axie Infinity (AXS) Price Analysis
Frequently Asked Questions About Axie Infinity (AXS)
A blockchain game where players collect, breed, and battle NFT creatures called Axies. It was built by Sky Mavis, launched in 2018, and helped popularize the play-to-earn model.
Ronin is Sky Mavis's EVM-compatible blockchain built for gaming. It was created after Ethereum mainnet gas fees made in-game transactions uneconomical.
AXS is the governance and value token of the ecosystem. Holders can stake it to earn rewards and vote on proposals that direct the Community Treasury.
Bonded AXS is a non-transferable in-game token backed 1:1 by AXS, introduced in January 2026. Players convert it back to AXS by unbonding it, and the conversion carries dynamic fees paid to the Axie treasury.
SLP rewards in Origins mode were stopped on January 7, 2026 as part of the tokenomics reform, which aims to curb bot farming and keep value inside the game.
The maximum supply is 270 million AXS. About 175.6 million AXS were in circulation as of November 2026, according to CoinGecko.
The all-time high was about $165 in November 2021. The price was about $0.85 as of November 2026, according to CoinGecko.
AXS exists on Ronin and as an ERC-20 token on Ethereum. Confirm which network the partner accepts before sending.
In March 2022, about $625 million was stolen from the Ronin Bridge. Sky Mavis repaid affected users and rebuilt the bridge with an expanded validator set.
Open swapzone.io/exchange/axie-infinity, enter the amount, and compare offers from partner exchanges by rate, time, and KYC label. Paste your wallet address on the right network, send AXS to the deposit address, and track the order.
Demand depends on whether the redesigned game economy retains players. The token has fallen sharply from its 2021 peak, and earlier reward models proved hard to sustain.
Why Exchange Axie Infinity with Swapzone?
Non-custodial aggregator: you send AXS to the partner's deposit address and receive funds in your own wallet, never through Swapzone.
Live None offers from exchange partners side by side.
Swap AXS with 1,600+ cryptocurrencies.
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